Market Update: $ORCL 📊
Suggested Direction: Range-bound
Entry: 165.1534-166.7466
Stop Loss Reference: 164.3569
Target Prices: 167.6095/168.9371/170.5966
Analysis: This ORCL thing has been bouncing around 165.95 all afternoon, EMA lines are stuck together like they just woke up, but hey, watch it if you want. RSI is sitting at 41.2, just stuck in the middle, bulls are too scared to push, and bears couldn't care less about smashing it down, just hanging out. The tiny spread between 165.94 and 166.64 is practically like there's no crossover at all, the market is as stagnant as a pond. Watched it until three in the morning, my eyes are sore, and this is the only price action we've got, stop loss set at 164.35—don’t ask me how I calculated that, just know if it breaks, I'm out, if not, I’ll hold tight. You could say it’s a range-bound power-up, or you could say the cash has fled and it’s just me staring at the screen in a daze. It’s really grinding, waiting for a signal; whenever the EMA opens up or RSI breaks below 40, that’s when I’ll act. Moving now is just a ticket to pay the exchange fees.
Tip: Suggested stop loss level: 164.356880, please adjust your position size based on your own risk preference
#ORCL
Suggested Direction: Range-bound
Entry: 165.1534-166.7466
Stop Loss Reference: 164.3569
Target Prices: 167.6095/168.9371/170.5966
Analysis: This ORCL thing has been bouncing around 165.95 all afternoon, EMA lines are stuck together like they just woke up, but hey, watch it if you want. RSI is sitting at 41.2, just stuck in the middle, bulls are too scared to push, and bears couldn't care less about smashing it down, just hanging out. The tiny spread between 165.94 and 166.64 is practically like there's no crossover at all, the market is as stagnant as a pond. Watched it until three in the morning, my eyes are sore, and this is the only price action we've got, stop loss set at 164.35—don’t ask me how I calculated that, just know if it breaks, I'm out, if not, I’ll hold tight. You could say it’s a range-bound power-up, or you could say the cash has fled and it’s just me staring at the screen in a daze. It’s really grinding, waiting for a signal; whenever the EMA opens up or RSI breaks below 40, that’s when I’ll act. Moving now is just a ticket to pay the exchange fees.
Tip: Suggested stop loss level: 164.356880, please adjust your position size based on your own risk preference
#ORCL